Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    588 HARDING Highway Carneys Point, NJ 08069

    View on Map
    For Sale
    $42,000

    LAND - CARNEYS POINT, NJ

    Lot size:
    2.32 Acres
    Added:
    Aug 7, 2024
    Days on Market:
    603
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 588 HARDING Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.32 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    801

    We can help!

    Listing Contact
    Joseph E. Venello Jr.

    Listing agent Joseph E. Venello Jr. License #893531

    Listing office American Dream Realty of South Jersey 299 Shell Road, Carneys Point, NJ

    Listing date Aug 7, 2024

    MLS# NJSA2011796 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Carneys Point Land For Sale

    This 2.32-acre lot is located in Carneys Point, New Jersey, with frontage on Route 48 and Game Creek Road. Prospective buyers are advised to conduct their own due diligence with the township regarding the lot's buildability and any necessary permits or certifications. The property is being sold AS IS. There is a small easement on the property for Carneys Point Township Sanitation and a sloped easement for NJ Dept of Transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Auto Repair Shop Pharmacy Accounting Firm Bar & Pub Coworking & Hybrid Office

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carneys Point
    County
    Salem
    State
    New Jersey
    Longitude
    -75.43732
    Latitude
    39.69852

    Nearby Similar for Sale

    • $299,900

      Corner Commercial Building For Sale

      Vacant commercial building at traffic controlled intersection in CARNEYS POINT.
      1 S PENNSVILLE AUBURN Road, CARNEYS POINT, NJ 08069
      View Details
    • $218,762

      Two-Family Home in Carneys Point

      Two-family home with potential in Carneys Point, New Jersey.
      152 Broad Street, Carneys Point, NJ 08069
      View Details
    • $575,000

      Commercial Land Near Major Routes

      Strategically located commercial land with great potential for development.
      505 S PENNSVILLE AUBURN ROAD, CARNEYS POINT, NJ 08069
      View Details
    • $230,000

      33+ Acres Riverfront Land Opportunity

      Unique riverfront property in Carney's Point suitable for residential/farm use.
      81 SEVENTH Avenue, CARNEYS POINT, NJ 08069
      View Details
    • $100,000

      Expansive Land Parcel in Carneys Point

      Land with potential for a private estate or hobby farm.
      79 E QUILLEYTOWN Road, CARNEYS POINT, NJ 08069
      View Details
    • $35,000

      Carneys Point Land For Sale

      Land available in Carneys Point, New Jersey.
      107 Plant Street, Carneys Point, NJ 08069
      View Details
    • $359,920

      Carneys Point Agricultural Land Opportunity

      Undeveloped land suitable for equestrian or agricultural development.
      150 PENNS GROVE AUBURN Road, CARNEYS POINT, NJ 08069
      View Details
    • $7,000,000

      Prime Industrial Site For Sale

      21-acre industrial site in Carneys Point, NJ, near major routes.
      291 Harding Hwy, Carneys Point, NJ 08069
      View Details
    • $45,000

      Vacant Wooded Corner Lot

      One-plus acre vacant wooded corner lot in Cedar Crest.
      604 HAWKS BRIDGE Road, CARNEYS POINT, NJ 08069
      View Details
    • $45,000

      Vacant Wooded Corner Lot

      One plus acre vacant wooded corner lot in Cedar Crest.
      604 Hawks Bridge Rd, Carneys Point, NJ 08069
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.32 acre lot with frontage on Route 48.
    Where is this commercial land located?
    The property is located at 588 HARDING Highway Carneys Point, NJ.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: Large 2.32 acre lot; Frontage on Route 48; Frontage on Game Creek Rd
    (856) 299-6444
    We can help!
    Listing Contact
    Joseph E. Venello Jr.
    Real Estate License ID: 893531
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!